ABERTIS: RISULTATO NETTO +5,4% A E 331 MILIONI NEL PRIMO SEMESTRE 2008

I principali dati del Gruppo continuano ad aumentare nell'attuale congiuntura caratterizzata da un ciclo economico incerto: - Ricavi totali a E 1.777 milioni (+2,5%). - EBITDA a E 1.111 milioni (+0,5%). - Risultato netto a E 331 milioni (+5,4%). - Net Cash Flow a E 668 milioni (+3%). La diversificazione e l'espansione degli ultimi anni (50% dei ricavi e 45% dell'EBITDA sono oggi generati al di fuori della Spagna) hanno dato al Gruppo maggiore forza e stabilità e hanno...

I principali dati del Gruppo continuano ad aumentare nell'attuale congiuntura caratterizzata da un ciclo economico incerto:

 

- Ricavi totali a E 1.777 milioni (+2,5%).

 

- EBITDA a E 1.111 milioni (+0,5%).

 

- Risultato netto a E 331 milioni (+5,4%).

 

- Net Cash Flow a E 668 milioni (+3%).

 

La diversificazione e l'espansione degli ultimi anni (50% dei ricavi e 45% dell'EBITDA sono oggi generati al di fuori della Spagna) hanno dato al Gruppo maggiore forza e stabilità e hanno permesso di controbilanciare il rallentamento dell'economia spagnola. Abertis continua a perseguire una politica di diversificazione geografica e settoriale nel primo semestre dell'esercizio:

 

- Around E700Mn of expansion capex has been made available, of which those investments made in airports (DCA) and in telecommunications (Hispasat) particularly stand out.

 

- The acquisition of stakes in Chilean concessionaires Autopista Central and Rutas del Pacífico and the position of preferred bidder for the Pennsylvania Turnpike concession awarded to the consortium made up of abertis, Citi and Criteria, have improved the quality and the average life of the Group's concessions.

 

The Group maintains a solid debt structure with all of its expansion activities fully financed. 85% of total debt is long term; 77% of this is at fixed rates or fixed through hedging and 56% is non-recourse. The average cost of the debt has remained stable since 2007 at 5.2%.

 

Current year-end forecasts suggest growth of 3% in revenues and 2% in EBITDA.

 

Revenues from the toll road business rose 2%, despite a drop in traffic on the Abertis network of 1.8% resulting from the economic slowdown and other isolated factors; such as repair work on toll roads, the Spanish hauliers' strike and the initial impact of the opening of alternative toll-free roads:

 

- Revenues reached E1,334Mn.

 

- The Average Daily Traffic (ADT) in the whole of the abertis network was 24,819 vehicles (-1.8%).

 

- Traffic on the French toll roads managed by sanef (53% of abertis's total network) remained stable at an ADT of 23,153 vehicles. The ADT on the Spanish toll road network fell 4%, with 1.7% of this being due to the initial fall out from alternative toll-free roads opening in the aumar network and 0.7%, resulting from the Spanish lorry drivers' strike.

 

The airport business, telecommunications infrastructures and logistics parks underpinned the Group's growth in 1H08:

 

Passenger traffic at TBI airports increased 7.8%. At DCA airports there was a rise of 5.8%. Revenues at abertis airports, which were hit by the weakness of sterling and the US dollar against the euro, remained stable at E145Mn.

 

abertis telecom had revenues of E200Mn (+4.6%). By 31 July, the roll out of Digital Terrestrial Television (DTT) by abertis telecom in Spain will reach 89% of the population (40 million people).

 

Eutelsat, which is accounted for by the equity method, contributed a total of E23Mn.

 

abertis logística continued to perform well; the figures for 2H08 include the sale of its stake in Port Aventura. Revenues amounted to E28Mn (+181%), with a warehouse and office occupancy rate of 88.4% vs 75.4% in 2007.

 

Revenues at saba, abertis' car parks division, reached E66Mn (+1%) with 25.5 million vehicles in rotation and an 8.7% increase in season-ticket holders.

 

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[CN#141085]